How BSE indices performed in past one month?

On Tuesday, BSE Sensex opened at 39,040.30. It hit an all-time high of 39,364.34, while Nifty 50 crossed 11,800 mark making a fresh high of 11,810.95.

This trend has been seen since the last few days. In the past one month, BSE Sensex has surged by 3.29 per cent, i.e. up by 1,251.32 points from 38,024.32 on March 15, 2019 to 39,275.64 on April 16, 2019. Nifty 50 too has spiked by 3.15 per cent i.e. up by 360.30 points to 11,787.15 on April 16, 2019.

Over the month, the major contributing indices have been BSE Realty and BSE Basic Materials which surged by 10.03 per cent and 5.2 per cent, respectively. All other major indices managed to rise between 2-4.5 per cent each within the past one month. The exceptions have been BSE Oil & Gas, BSE Telecom and BSE SME IPO which were down by 0.39 per cent, 0.4 per cent and 4.1 per cent, respectively.

The companies which majorly contributed in the uptick of BSE Realty index have been –

The launch of India’s first real estate investment trust (REIT) has been one of the factors to bring in positivity in the real estate sector. The market expects the real estate companies to deliver better numbers for the March quarter as compared to earlier ones. Also, Singapore-based investors are showing a keen interest in India’s commercial realty sector.

While those companies that contributed to the surge in BSE Basic Materials index are –

A further impact on the stock of these companies will be seen after they post the results for the quarter ending March 2019.